Flowers Foods (NYSE:FLO) released its earnings data on Thursday. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $878.50 million for the quarter, compared to the consensus estimate of $885.72 million. During the same quarter last year, the company posted $0.25 earnings per share. Flowers Foods’s revenue was up 22.5% compared to the same quarter last year.
Shares of Flowers Foods (NYSE:FLO) traded down 12.62% during mid-day trading on Thursday, hitting $21.82. The stock had a trading volume of 2,159,985 shares. Flowers Foods has a 1-year low of $12.3067 and a 1-year high of $25.67. The stock has a 50-day moving average of $23.10 and a 200-day moving average of $22.50. The company has a market cap of $4.546 billion and a P/E ratio of 22.80.
FLO has been the subject of a number of recent research reports. Analysts at KeyCorp raised their price target on shares of Flowers Foods from $25.00 to $26.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. On the ratings front, analysts at DA Davidson reiterated an “underperform” rating on shares of Flowers Foods in a research note to investors on Wednesday, August 14th. Finally, analysts at Deutsche Bank initiated coverage on shares of Flowers Foods in a research note to investors on Wednesday, August 14th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.10.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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